NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Eagle Bancorp, Inc. (“Eagle” or the “Company”) (NASDAQ:EGBN). The investigation concerns whether Eagle and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On April 23, 2025, Eagle issued a press release reporting its financial results for the first quarter of 2025. Among other i ...

Eagle Bancorp, Inc. (NASDAQ:EGBN) Q1 2025 Results Conference Call April 24, 2025 10:00 AM ET Company Participants Eric Newell - Chief Financial Officer Susan Riel - President and Chief Executive Officer Kevin Geoghegan - Executive Vice President and Chief Credit Officer Ryan Riel - Chief Lending Officer for Commercial Real Estate Conference Call Participants Justin Crowley - Piper Sandler Catherine Mealor - KBW Christopher Marinac - Janney Montgomery Scott Operator Good day, and thank you for standing by. W ...

Eagle Bancorp (EGBN) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -86.96%. A quarter ago, it was expected that this bank holding company would post earnings of $0.48 per share when it actually produced earnings of $0.50, delivering a surprise of 4.17%.Over the last four quarters, the c ...

1st Quarter 2025 Earnings Presenta April 23, 2025 EagleBankCorp.com CEAGLE BANCORP, INC. Forward Looking Statements This presentation contains forward looking statements within the meaning of the Securities and Exchange A including statements of goals, intentions, and expectations as to future trends, plans, events or results of ( olicies and regarding general economic conditions. In some cases, forward-looking statements can be ic such as "may," "will," "anticipates," "believes," "expects," "plans," "estim ...

BETHESDA, Md., April 23, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. ("Eagle", the "Company") (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the first quarter ended March 31, 2025. Eagle reported net income of $1.7 million or $0.06 per diluted share for the first quarter 2025, compared to net income of $15.3 million or $0.50 per diluted share during the fourth quarter. Pre-provision net rev ...

Core Viewpoint - Eagle Bancorp, Inc. will host a teleconference on April 24, 2025, to discuss its first quarter 2025 financial results, which will be released on April 23, 2025 [1] Group 1: Teleconference Details - The teleconference will feature CEO Susan Riel and CFO Eric Newell discussing the earnings [1] - Interested parties must register to participate, receiving a dial-in number and unique PIN [2] - The call will also be available via live webcast on the Company's website, with a replay accessible until May 8, 2025 [2] Group 2: Company Overview - Eagle Bancorp, Inc. is the holding company for EagleBank, which began operations in 1998 [4] - The bank is headquartered in Bethesda, Maryland, and operates 12 offices in Suburban Maryland, Washington, D.C., and Northern Virginia [4] - EagleBank focuses on building relationships with businesses, professionals, and individuals in its marketplace [4]

Financial Performance - The net loss for the year ended December 31, 2024, was $47.0 million, compared to a net income of $100.5 million for the same period in 2023, primarily due to a goodwill impairment of $104.2 million[272]. - The efficiency ratio significantly worsened to 88.99% in 2024 from 49.12% in 2023, reflecting increased operational costs[266][271]. - Net interest income decreased to $288.7 million for 2024, a 1% decline from $290.5 million in 2023, primarily due to increased interest expenses on deposits and borrowings[284]. - Total noninterest income in 2024 was $19.9 million, representing a 7% decrease from $21.5 million in 2023[284]. - The return on average assets (ROAA) was (0.38)% in 2024, down from 0.84% in 2023, primarily due to the goodwill impairment[282]. Asset and Loan Portfolio - As of December 31, 2024, the Company had total assets of approximately $11.1 billion, total loans of $7.9 billion, and total deposits of $9.1 billion[248]. - Total assets decreased from $11.66 billion in 2023 to $11.13 billion in 2024, a reduction of approximately 4.5%[265]. - The loan portfolio remained relatively flat at $7,934,888 thousand as of December 31, 2024, a decrease of $33,807 thousand or 0.4% from $7,968,695 thousand in 2023[333]. - The composition of the loan portfolio includes 83% related to real estate, with 66% being non-owner occupied commercial real estate as of December 31, 2024[334]. - The Company maintained a commercial real estate (CRE) loan portfolio of $6.5 billion, representing 81.5% of total loans, compared to $6.1 billion or 77.0% at December 31, 2023[340]. Credit Losses and Allowance - The provision for credit losses increased by $34.8 million, totaling $66.4 million for 2024, compared to $31.5 million in 2023[265][272]. - The allowance for credit losses increased to $114.4 million in 2024, up from $85.9 million in 2023, reflecting a higher risk environment[265]. - Nonperforming assets and loans 90+ days past due rose to $211.4 million, representing 1.90% of total assets, compared to 0.57% in 2023[266]. - The Company recorded net charge-offs of $38.6 million in 2024, up from $18.9 million in 2023, reflecting increased credit losses[266]. - The coverage ratio for allowance for credit losses to total nonperforming loans decreased to 55% in 2024 from 131% in 2023[376]. Deposits and Funding - Total deposits reached $9.1 billion at December 31, 2024, marking a 4% increase from $8.8 billion in 2023, driven by a $558.2 million rise in interest-bearing time deposits[387]. - Noninterest-bearing deposits fell by $734.7 million, or 32%, to $1.5 billion in 2024, while interest-bearing deposits increased by $499.5 million, or 12%[388]. - Brokered deposits increased to $4.0 billion, or 43.61% of total deposits, as of December 31, 2024, compared to $2.5 billion, or 28.8% of total deposits, in 2023[393]. - The Company had total borrowings of $600.8 million, a decrease from $1.4 billion in 2023, reflecting a strategic shift in funding sources[398]. - The average daily balance of customer repurchase agreements increased to $37.9 million in 2024 from $36.7 million in 2023[398]. Market Conditions and Economic Outlook - The Company experienced a 3.1% real U.S. GDP growth in 2024, compared to 3.3% growth in 2023, despite inflationary pressures and higher interest rates[245]. - The unemployment rate in the U.S. increased to 4.0% at the end of 2024, up from 3.7% at the end of 2023[245]. - The ten-year U.S. Treasury rate averaged 4.21% in 2024, up from 3.96% in 2023, indicating an increase in longer-term interest rates[246]. - The Federal Reserve decreased interest rates by a total of 100 basis points in September 2024 and the fourth quarter, which had minimal impact on net interest margin for most of the year[428]. - The Company remains cautious regarding commercial real estate market conditions, particularly in the office sector, while noting resilience in the multi-family commercial real estate sector[247]. Strategic Initiatives - The Company’s strategy focuses on growth, retaining talented staff, and building quality lending and deposit relationships, which has fostered future growth opportunities[251]. - The Company has implemented risk management procedures and underwriting criteria to address risks in its commercial real estate portfolio[344]. - The Company expects to maintain heightened risk management procedures due to its commercial real estate concentration[434].

Group 1: Investment Strategy - Value investing is a preferred method for identifying strong stocks in various market conditions, focusing on key valuation metrics to find undervalued stocks with profit potential [2] - The Zacks Rank system and Style Scores system are tools for investors to identify stocks with specific traits, particularly in the "Value" category [3] Group 2: Company Analysis - Eagle Bancorp (EGBN) - Eagle Bancorp (EGBN) has a Zacks Rank of 2 (Buy) and an A grade for Value, with a current P/E ratio of 10.80, compared to the industry average of 11.25 [4] - EGBN's P/B ratio is 0.66, significantly lower than the industry's average P/B of 1.37, indicating attractive valuation [5] - The P/S ratio for EGBN is 1.12, compared to the industry's average P/S of 1.95, suggesting it may be undervalued [6] - EGBN's P/CF ratio is 12.54, which is lower than the industry's average P/CF of 13.91, further indicating potential undervaluation [7] Group 3: Company Analysis - Financial Institutions (FISI) - Financial Institutions (FISI) is rated 1 (Strong Buy) with a Value grade of A, and a P/B ratio of 0.91, compared to the industry's average of 1.37 [8] - FISI's P/B ratio has fluctuated between 0.59 and 0.95 over the past year, with a median of 0.78, indicating potential undervaluation [8] Group 4: Conclusion on Valuation - Both Eagle Bancorp and Financial Institutions are likely undervalued based on their financial metrics and earnings outlook, making them attractive options for value investors [9]

Core Viewpoint - Eagle Bancorp (EGBN) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding Eagle Bancorp's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, Eagle Bancorp is projected to earn $0.51 per share, marking a substantial increase of +5200% compared to the same period last year. The Zacks Consensus Estimate has risen by 6.32% over the last 30 days [4]. - For the full year, the expected earnings per share is $2.44, indicating a year-over-year growth of +29.1%. The consensus estimate has increased by 8.71% over the past month, with two estimates moving higher and no negative revisions [5]. Zacks Rank - Eagle Bancorp currently holds a Zacks Rank 1 (Strong Buy), attributed to favorable estimate revisions. This ranking is based on a proven track record of outperforming the market, with Zacks 1 stocks averaging a +25% annual return since 2008 [3][6]. - Stocks with Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500, indicating strong potential for Eagle Bancorp [6]. Investment Outlook - The stock has appreciated by 6.4% over the past four weeks due to strong estimate revisions, suggesting that there may still be further upside potential. Investors are encouraged to consider adding Eagle Bancorp to their portfolios [7].

4th Quarter 2024 Earnings Presentation EagleBankCorp.com January 22, 2025 Scan for digital version Forward Looking Statements This presentation contains forward looking statements within the meaning of the Securities and Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. In some cases, forward-looking statements can be identified by use of wor ...